Germain Hotels Receives $160M Capital Injection from CDPQ-led Group
Les Hôtels Germain Reçoivent une Injection de Capital de 160M$ de la Part d'un Groupe Mené par la CDPQ
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AI Article Summary
Germain Hotels, a family-run business based in Quebec, has received a $160 million investment led by Caisse de dépôt et placement du Québec, alongside Fonds de solidarité FTQ and Investissement Québec. The investment will accelerate the company's national expansion, specifically supporting the launch of new properties under the Germain brands across Canada. Upcoming projects include the Alt Hotel Ottawa Airport and new Le Germain properties in Montreal and Vancouver. This milestone continues CDPQ's long-term partnership with Germain Hotels to solidify its presence in the Canadian market.